- Ripple

xrp/ripple- can it replace swift ?

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31 thoughts on “xrp/ripple- can it replace swift ?

  1. Why would you think that XRP could not be used as money? Its cheaper than Bitcoin and litecoin and faster and once it is seen to have value for cross border payments then maybe it will be used instead of fiat?

  2. yes but you can spend xrp just like any other cryptocurrency xrp has many more advantages than btc ltc and all these coins are going to be industry specific and well xrp is really setting itself up to dominate and be number 1 and well if the banks are all using it and internet companies are all using it well the majority are going to use it lol

  3. Very interesting Glen, perhaps Ripple is a bridge for wealth to be transferred from one economic infrastructure to the next, and if it's part of the transition strategy it could make a good temporary investment. When to get out depends on whether the transition will be gradual or abrupt. This theory would suggest a gradual transition. Personally I think the transition will span a much longer period of time than people think(5-10 yrs) simply because of the massive deployment of infrastructure that will be needed to accommodate the data involved with the internet of things. It only makes sense to me that the level of innovation on it's way will come in waves that must gradually build. Of course I'm not a psychopath and there's always the possibility that the elite want crisis and abrupt transition so as to do so in dictatorship fashion. There could be many motives for an engineered catastrophic collapse of our present economic infrastructure and accelerated transition. Either way I tend to believe Ripple has a role.

  4. It's not XRP that is fast, but the Ripple system. It's also designed to be able to swap out for other tokens. Banks can use Ripple without XRP. Do you have stock in Ripple?

  5. You XRP fans better be prepared for the announcement that "XRP is now a stablecoin." When it was first proposed, they didn't exist, but now they do and banks are not going to want to play with anything unstable. XRP will equal $1. That's your best situation. if you liked Tether, you'll love XRP and that's why it's already becoming a base pair on exchanges.

  6. After launch of xrapid, nothing happined. Its products are out there and there is no increase in value, or a measure of value shown on their company website. Companies show value increases of stock on their websites, after every big deal they do. Thats not happining in Ripples website. The price is still less than when bitcoin was high back in december $19,000. Only thing that may increase XRP value may be bitcoin price someday. Ripple Corp. value is not reflected in XRP price so far.

  7. XRP is not needed for value transfers because there is lightning network and there is old fashoned P2P with bitcoin or litecoin. If banks want to use the Ripple companys product, XRP is not needed. The value of XRP is not much considering Ripple owns 90% currently and can divide the existing amount already out there by millions. Also it is not mined, and its 3rd PARTY CONTROLLED!!! Has the 200 banks that use for it so far made anyone holding XRP rich yet? Good luck

  8. Aside form the bank involvement the problem is this, THOSE COINS ARE NOT SECURITIES AND THEY ARE NOT INVOLVED IN TRANSACTIONS OF MOVING MONEY. THEY ARE JUST A DUMMY COIN. SO PEOPLE ARE BUYING NOTHING.. NOT A PIECE OF THE COMPANY OR NOT A COIN THAT IS USED IN THE TRANSACTIONS. THESE RIPPLE PEOPLE ARE NOT BEING HONEST! I SAW THE CEO ON TV. HE WAS DODGING THE QUESTION WHEN POSE TO HIM ON CNBC. He was squirming like a little pig at buffet full of bacon when he was ask if htey were used in the transactions

  9. Glenn I agree with you on nearly everything but your wrong about this Glenn. Ripplenet can be used to settle between ALL ASSETS be it fiat, commodities, crytos, ex. this is possible because of Ripple's interledger Protocol.

    Btc is trying to be a digital currency. Xrp is trying to be the Bridge Asset to everything including btc,Gold,Real Estate,Fiat etc.

    Just go to Love for Cryto's channel he explains what the banks are upto: https://www.youtube.com/watch?
    v=jnLqSytkl4A&t=999s

    I might even make a video to try to explain it to everybody myself but in a graphical way.
    This is the best video that's simple to understand for people that are new to this
    https://www.youtube.com/watch?v=fDi3lk4ICHs

  10. There are over 200 countries that use Swift. How many governments have signed up to use Ripple network to transfer funds? Zero. They are off to a bad start. You need at least 90% of the countries to express an interest in Ripple Network to replace Swift, otherwise it won't happen.

  11. There's a problem with proof of work coins like BTC and LTC. look what happened to Ethereum Classic the other day 51%attack. We don't know which coins will survive the next 5 years. Ripple has alot of use cases in the comming years. I'm holding XRP it's going to be huge!

  12. I guess ripple is just like a dollar, someone will create it, make rest of the world use it and thsn control everything. We probably would be better sticking to propper crypto. F..CK ripple.

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